NBCC bags work orders worth Rs 501.45 Cr from government clients
NBCC · price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 2.2 pts less than Nifty Smallcap 250 and 1.8 pts less than its Civil Construction peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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NBCC (India) has secured four work orders totalling about Rs 501.45 Cr in the ordinary course of business. Largest is Rs 430.69 Cr from Rajasthan Council of School Education to build 2256 science labs in 922 government schools on turnkey basis. Rs 60.61 Cr EPC plus PMC order from Bharat Electronics (BEL) for NFTR infrastructure. Two smaller PMA orders from Power Finance Corporation under CSR: Rs 5.38 Cr for a tourist facilitation centre in Aizawl, Mizoram, and Rs 4.77 Cr for a school building in Goa. All four are domestic contracts.
Positive for order book visibility. Adds about 6 to 7 percent of annual revenue, strengthening pipeline from government and PSU clients.